Crypto Market Overvie

BTC (+1.61% 丨 Current Price 106,575 USDT): The moving average system for Bitcoin remains in a bullish alignment, with the MACD maintaining a golden cross. Although the momentum histogram shows slight contraction, no reversal signals have emerged. Trading volume continues to increase steadily, suggesting a moderately bullish consolidation. In the short term, the 98,000 USDT level serves as a key support area. A breakout with volume above the previous resistance zone of 106,800–107,000 USDT could open the door to further upside toward 108,500 USDT. Conversely, if volume fails to follow through or price breaks below 104,000 USDT, there’s a risk of a renewed downward correction. On June 24, BTC ETFs recorded a net inflow of $588 million, with BlackRock’s IBIT receiving $436 million and Fidelity’s FBTC taking in $85.2 million, indicating that institutional investors are continuing to increase their exposure to Bitcoin. Data as of 12:30 PM (UTC+8).
ETH (+2.53% 丨 Current Price 2,453 USDT): On the hourly chart, Ethereum is gradually trending higher, moving along short-term moving averages. The MACD golden cross persists, with momentum bars narrowing slightly but still holding above the zero line—indicating that bullish momentum remains. A support zone has formed above 2,400 USDT, with short-term resistance at the 2,480–2,500 USDT range. If volume increases, ETH could target 2,550–2,580 USDT. Otherwise, watch closely whether 2,400 USDT holds as effective support. On June 24, ETH ETFs saw a net inflow of $71.3 million, with BlackRock’s ETHA receiving $98 million while Fidelity’s FETH recorded an outflow of $26.7 million, reflecting a still cautious stance toward Ethereum allocation in the short term. Data as of 12:30 PM (UTC+8).
Altcoins: The altcoin market continues its rebound, though the pace has slightly moderated. Over the past 24 hours, SOL rose by 2.30% and XRP by 2.45%. The Fear & Greed Index stands at 66, indicating sentiment has shifted into the “greed” range, with investor risk appetite remaining elevated.
Macro: On June 24, the S&P 500 rose by 1.11% to 6,092.18 points; the Dow Jones increased by 1.19% to 43,089.02; and the Nasdaq climbed by 1.43% to 19,912.53. As of 10:30 AM (UTC+8) on June 25, spot gold is trading at $3,330 per ounce, down 0.21% in the past 24 hours.

Trending Tokens

CFG Centrifuge（+16.8%, Circulating Market Cap: $104M)

According to Gate, the current price of CFG is $0.1859, up nearly 17% over the past 24 hours.

Centrifuge is a decentralized asset financing protocol focused on real-world asset (RWA) tokenization. It enables small and medium-sized enterprises to tokenize real-world assets such as invoices, real estate, or equipment leases and use them as collateral on its DApp “Tinlake” to access DeFi financing. This lowers the barrier to financing for businesses while offering DeFi investors relatively stable yields decoupled from crypto market volatility.

Centrifuge partnered with Janus Henderson to launch the tokenized U.S. Treasury fund JRTSY in 2023, which received an S&P AAA rating in 2024. The fund recently regained market attention after being included as one of the reserve assets backing tUSD. As one of the top five RWA treasury products by TVL and the highest-rated RWA fund, JRTSY further strengthens Centrifuge’s positioning in the institutional-grade asset tokenization space. In addition, the Centrifuge team was invited to speak at the 2025 Cannes RWA Summit alongside Janus Henderson and Aave Labs, further solidifying its influence in the RWA ecosystem. CFG’s recent rally is driven by multiple catalysts, including high-rated asset integration, stablecoin linkage, and rising market attention. In the short term, investors should watch for continued TVL growth and protocol expansion.

APT Aptos（+12.49%, Circulating Market Cap: $3.159B)

According to Gate, APT is currently trading at $4.875, up over 12% in the past 24 hours.

Aptos is a Layer 1 blockchain designed for scalability and modularity, built using the Move programming language to enhance smart contract safety and execution efficiency. APT is the native token of the network, used for transaction fees, staking rewards, and governance proposals—supporting the system’s overall stability.

With improving market risk appetite and increased on-chain activity, APT has gained strong momentum and become a hot target for both institutions and retail investors. Technically, APT broke out on June 24 with increased volume and a MACD bullish crossover, signaling strengthening upward momentum. On the fundamental side, Aptos announced a new project called “Shelby” on X (formerly Twitter), developed in collaboration with Jump. Shelby aims to provide decentralized, monetizable Web3 storage infrastructure and challenge Web2 data monopolies. APT’s rally is driven by both technical and ecosystem developments. With major coins underperforming, APT continues to attract capital and may soon challenge the $6 resistance level.

VELO Velo（+8.78%, Circulating Market Cap: $98.76M)

According to Gate, VELO is currently priced at $0.013, up nearly 9% in the past 24 hours.

Velo is a blockchain-based financial protocol focused on creating a decentralized and trusted credit network via stable digital credit issuance and blockchain-based reserves. Unlike traditional solutions, Velo uses a digital reserve system (DRS) backed by crypto collateral to ensure asset-backed stability of its issued credit.

On June 24, Velo announced a partnership with Ranger Finance, a DEX aggregator in the Solana ecosystem. The two parties will expand Velo’s Universe platform by launching multi-currency and multi-asset perpetual contract products (Multi FX & Multi Asset Perps), aiming to enhance cross-border liquidity aggregation, pricing efficiency, and market accessibility. This collaboration further strengthens Velo’s position as a foundational Web3 financial infrastructure. The recent price increase was mainly driven by ecosystem expansion and functionality expectations. Given its small-cap status and price elasticity, VELO has attracted short-term speculative attention. Future trends will depend on actual trading volume and continued protocol activity.

Alpha Insights

Solana CME Futures Reach All-Time High as Institutional Interest Grows

According to Glassnode data, Solana ($SOL) futures contracts on the Chicago Mercantile Exchange (CME) recently hit an all-time high in trading volume, with a single-day volume reaching 1.75 million contracts. This surge reflects growing institutional interest in the asset. At the same time, SOL spot prices have rebounded above 145 USDT, signaling market confidence in both its fundamentals and capital inflows.

Since launching CME futures in March 2025, Solana has seen steadily increasing trading volume. This record-breaking activity suggests that traditional financial capital is accelerating its entry into the Solana ecosystem. As the Layer 1 landscape becomes clearer, Solana continues to attract developers, users, and capital due to its high throughput and low transaction fees—especially in sectors such as DePIN, on-chain gaming, DeFi, and meme asset trading.

The surge in futures volume also indicates that institutions are actively engaging in risk hedging, asset allocation, or strategic positioning. This signals that Solana is evolving from a speculative asset into a mainstream instrument with systemic liquidity. If its price remains stable and trading activity stays strong, SOL could draw further attention from ETF products and custodial-grade capital.

BIS Criticizes Stablecoins for Lacking Core Monetary Attributes, Advocates Unified Ledger and Tokenized Central Bank Systems

According to The Block, the Bank for International Settlements (BIS) stated in its latest annual report that while stablecoins hold potential for cross-border payments, they fall short in terms of “uniformity, elasticity, and integrity”—key attributes required for a core role in public payment systems. BIS Chief Economic Adviser Hyun Song Shin even compared stablecoins to 19th-century private banknotes, warning that they could trigger systemic risks if confidence erodes.

The BIS noted that even with regulatory frameworks—such as the U.S. Genius Act mandating stablecoins be backed by highly liquid assets—their private nature makes them ill-suited to meet the security and stability demands of the global clearing infrastructure. As an alternative, the BIS is promoting a “Unified Ledger” architecture, which tokenizes central bank reserves, commercial bank deposits, and government securities for real-time, transparent settlement on a single platform. Pilot programs such as Project Agorá are already underway.

This position underscores a broader trend among global financial regulators, who increasingly favor central bank-led digital payment infrastructure. While stablecoins are not being entirely dismissed, their role as a sovereign currency alternative is narrowing. As countries move forward with central bank digital currencies (CBDCs) and tokenized financial systems, stablecoins are more likely to be positioned as transitional tools rather than long-term mainstream solutions.

Ethereum Developers Propose Reducing Slot Time to 6 Seconds to Boost Performance and Scalability

According to CoinDesk, Ethereum core developer Barnabé Monnot has proposed EIP-7782, which aims to reduce the block slot time from 12 seconds to 6 seconds. The proposal is designed to enhance network efficiency, lower transaction latency, and reduce gas costs. If approved, the change will be included in the upcoming Glamsterdam upgrade, expected in 2026, effectively doubling the number of blocks per minute and compressing the three-phase consensus process into a total of 6 seconds.

The Glamsterdam upgrade is still in the early planning stage, with a primary focus on protocol performance optimization and gas fee reduction. It is expected to introduce several Layer 1 scalability improvements. EIP-7782 is considered a significant step toward improving Ethereum’s performance but has also sparked discussions about increased node load, decentralization, and network stability. Its future implementation will depend on technical evaluation and community consensus. If successful, EIP-7782 could become a major milestone in Ethereum’s scaling roadmap, following The Merge and proto-danksharding.

Gate Launchpool

打新詳情

• Project: League of Traders
• Token: LOT
• Subscription Deadline: As of 20:00 on June 26, 2025 (UTC+8)
• Participation: Stake LOT or GT to claim for free
• Total Airdrop Allocation: 1,200,000 LOT

Project Introduction

LOT is South Korea’s largest social trading platform, offering users an immersive cryptocurrency trading experience through gamification. The platform is jointly backed by Mirana, C3 Ventures, Cadenza (a well-known crypto venture capital firm), and South Korean gaming company Neowiz.


References

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/crypto-market-data
• Investing, https://investing.com/indices/usa-indices
• Investing, https://investing.com/currencies/xau-usd
• CoinGecko, https://www.coingecko.com/categories
• X, https://x.com/Cointelegraph/status/1937581528956997956
• The Block, https://www.theblock.co/post/359518/bis-stablecoins-tests-moniness-tokenization-circle
• CoinDesk, https://www.coindesk.com/tech/2025/06/24/ethereum-developer-proposes-6-second-block-times-to-boost-speed-slash-fees
• Gate, https://www.gate.com/launchpool/LOT?pid=323

Gate Research is a comprehensive platform offering in-depth blockchain and cryptocurrency research, including technical analysis, market reviews, trend forecasts, and macroeconomic insights.

Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.